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This Is Not The End Of The Gold Bull Market
We Have Seen Apple's Chart Before: A Comparison To Cisco, 1995-2000
U.S. Banks: Still Too Big To Fail
Reexamining The Gap Between Gold And Platinum
Bob Chapman - Goldseek Radio - 06 Apr 2012
Gold and Silver... How Do I Own Thee?
Vietnam bans "gold as money."
States to Make Gold and Silver Legal Currency
150 Years Of US Fiat
Silver Update: “Blithe Blythe”
Why do buyers offer low price for gold?
PM Storage Heresy
STOCKS HAVE REACHED THE EUPHORIA STAGE

This Is Not The End Of The Gold Bull Market

Posted: 08 Apr 2012 05:56 AM PDT

By Tim Iacono:
The prospect of more Federal Reserve money printing continues to be the most important factor driving precious metals prices over the short-term as gold and silver experienced a vicious sell-off on Tuesday when minutes from the last Fed policy meeting were released indicating that the central bank was distancing itself from another round of quantitative easing. The Fed was seen as being disinclined to provide more help to the U.S. economy unless it deteriorated badly, but Friday's disappointing labor report is now seen as being a potentially big step in that direction.
The days ahead should be particularly important in setting the tone for gold trading during the rest of the month as technical levels were breached last week, however, the return of Indian jewelers to the gold market after ending a three-week long strike over import duties should provide much needed support in physical markets.
For the week, the

Complete Story »

We Have Seen Apple's Chart Before: A Comparison To Cisco, 1995-2000

Posted: 08 Apr 2012 05:47 AM PDT

By Spencer Knight:

Apple's (AAPL) stock has made an incredible run over the past five years. The share price has grown 560% in that five year period. Up until the fourth quarter of 2011, this growth has been steady. Since the fourth quarter Apple's share price has grown at an incredible rate. One reason for this was strong fiscal first quarter results as well as a bull market. While it appears Apple's stock has no sign of slowing down anytime soon, we have seen this kind of stock price movement before.

(click to enlarge)

(Chart courtesy of StopETFs.)

This is very similar to Cisco's (CSCO) chart from 1995-2000.

(click to enlarge)

(Chart courtesy of StopETFs)

I am not insinuating that Apple is in store for a massive collapse in the near future; in fact I remain bullish towards Apple. But Apple's April 24th earnings report will certainly serve as a possible catalyst for

Complete Story »

U.S. Banks: Still Too Big To Fail

Posted: 08 Apr 2012 05:32 AM PDT

By Katchum:

During the financial collapse of 2008, the problem of the banks was their balance sheet. Banks were highly leveraged compared to their equity. On average, the assets held by the banks was 10 times their equity. This means that a 10% decrease in asset value at constant liability levels could bankrupt the whole company.

The first problem was debt (liabilities on the balance sheets) and the solution was deleveraging. Banks needed to reduce the size of their assets and reduce the size of their liabilities. The second problem was liquidity and the solution was increasing reserve ratios. This article will summarize and analyze what happened during these 3 years after the financial collapse in 2008.

1) Debt increasing

Table 1 summarizes the assets, liabilities and equity of the top 5 financials in the U.S. by quantity of assets. These are J.P. Morgan Chase & Company (JPM), Bank of America Corp

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Reexamining The Gap Between Gold And Platinum

Posted: 08 Apr 2012 05:19 AM PDT

By Lior Cohen:

I have already posted about the near paradigm shift in the precious metals market as gold sharply rose above Platinum. Let's reexamine the gap between gold and platinum and see if there was any change in the relation between these two metals.

The chart below shows the development of gold and platinum from August 2011 to March 2012. We can learn several things from this chart. At the beginning of August 2011, when the debate over raising the U.S debt ceiling was held and

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Bob Chapman - Goldseek Radio - 06 Apr 2012

Posted: 08 Apr 2012 01:12 AM PDT

Bob Chapman on Goldseek Radio - 06 Apr 2012 Gold stocks have been manipulated...

[[ This is a content summary only. Visit my blog http://www.bobchapman.blogspot.com for the full Story ]]

This posting includes an audio/video/photo media file: Download Now

Gold and Silver... How Do I Own Thee?

Posted: 07 Apr 2012 05:00 PM PDT

Vietnam bans "gold as money."

Posted: 07 Apr 2012 03:07 PM PDT

Restrictions on bullion-related businesses

Thursday, Apr 05, 2012, Posted at: 16:53(GMT+7)

As per a decree issued by the Prime Minister's office on April 3, gold has been banned as a medium for exchange, along with seven bullion-related activities that will take effect from May 25.

The decree prohibits use of gold as a medium of exchange; manufacturing gold jewellery without a licence from the central bank; trading gold without a licence; and conducting any other gold-related businesses without the approval of the Prime Minister and the Central Bank.

In addition, licensed gold enterprises must satisfy requirements such as having registered capital of VND100 billion; having operated in gold trading for two years; paying tax above VND500 million and having at least a branch in three central provinces and cities.

As per the decree, licensed banks and credit institutions must have a registered capital of over VND3 trillion and branches in five provinces and cities.

Moreover, gold producers must be registered under the country's law to make gold and have good working facilities.

Furthermore, the State Bank of Vietnam (SBV) ordered five banks including Asia Commercial Bank (ACB), Dong A Bank, Vietnam Export Import Bank (Eximbank), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Vietnam Technological and Commercial Joint- stock Bank (Techcombank) and Saigon Jewellery Company to send detail reports of their network for selling and buying bullion in the country, along with names and address of branches.

For setting up a network in the country and for meeting the demands of domestic gold consumers, five banks and jewellery companies have been asked to expand operations in every district in the country.

http://www.saigon-gpdaily.com.vn/Law/2012/4/100611/

States to Make Gold and Silver Legal Currency

Posted: 07 Apr 2012 01:11 PM PDT

from dailymail.co.uk:

U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency.
Politicians in Colorado concerned about the nation's financial stability are the latest to push a bill to legalise gold and silver coins as usable currency.
But from a consumer angle the conservative bill would not lead to people carrying gold nuggets in their purses and would have little practical effect.

Keep on reading @ dailymail.co.uk

150 Years Of US Fiat

Posted: 07 Apr 2012 01:10 PM PDT

from ZeroHedge.com:

Five days ago saw the 150th year anniversary of an event so historic that a very select few even noticed: the birth of US fiat. Bloomberg was one of the few who commemorated the birth of modern US currency: "On April 2, 1862, the first greenback left the U.S. Treasury, marking the start of a new era in the American monetary system…. The greenbacks were originally intended to be a temporary emergency-financing measure. Almost bankrupt, the Treasury needed money to pay suppliers and troops. The plan was to print a limited supply of United States notes to meet the crisis and then have people convert the currency into Treasury bonds. But United States notes grew in popularity and continued to circulate." The rest, as they say is history. In the intervening 150 years, the greenback saw major transformations: from being issued by the Treasury and backed by gold, it is now printed, mostly in electronic form, by an entity that in its own words, is "set up similarly to private corporations, but operated in the public interest." Of course, when said public interest is not the primary driver of operation, the entity, also known as the Federal Reserve is accountable to precisely nobody. Oh, and the fiat money, which is now just a balance sheet liability of a private corporation, and thus just a plug to the Fed's deficit monetization efforts, is no longer backed by anything besides the "full faith and credit" of a country that is forced to fund more than half of its spending through debt issuance than tax revenues.

Keep on reading @ ZeroHedge.com

Silver Update: “Blithe Blythe”

Posted: 07 Apr 2012 12:53 PM PDT

BJF predict sub $30 Ag and discusses a Silver Doctors article on Blythe 4.7.12 Silver Update.

from BrotherJohnF:

Got Physical ?

~TVR

Why do buyers offer low price for gold?

Posted: 07 Apr 2012 09:42 AM PDT

So I got some gold melted into some solid blocks. I called a few places here in Canada and they are offering much lower prices for what it is worth :( I have over 200 grams of 22K gold which in todays market is worth $47-$48 a gram, more or less. The buyers are offering $36CDN!!!!!!! Can someone explain this? Thanks in advance.

PM Storage Heresy

Posted: 07 Apr 2012 08:08 AM PDT

I'm out of good, (relatively) secure storage options. The wife-unit would not hear of cutting holes in walls, etc to put in a wall-type safe and I really don't want another stand-alone. Whatever option I go with must have easy access, with no questions regarding location (for my wife, in the event of my death). I have some upcoming major surgery scheduled and I'm very concerned that my wife will not be able to find the various caches I have around the house. If the worse happens, that's the last thing she needs to be concerned about!

Therefore, reluctantly, I'm considering a SDB at our bank for a minority of my holdings. When I look at a threat matrix, considering the other issues; fire, natural disasters, burglary, Fedgov collapse/seizures/bank holiday is much lower on the scale, IMO. The key will be in my final directives folder, easy access for her. Now liquidation, is another matter, but I'm preparing as much help as I think she can handle.

What thinkest thee on this idea?

STOCKS HAVE REACHED THE EUPHORIA STAGE

Posted: 07 Apr 2012 06:14 AM PDT

The last bull ended when the leading stock, GOOG, entered a parabolic "bubble" phase. That was the signal that the bull had reached the euphoria stage. When the GOOG bubble popped it signaled the end of the bull market.

Two stocks, AAPL and PCLN, have been the leaders of this bull market. Both have entered the euphoric "bubble" stage. When the Apple and Priceline parabolas break it will almost certainly signal the end of this bull market.

Apple is now stretched 49% above the 200 day moving average. Anything between 50 and 60% above the mean is extreme dangerous territory.

As I pointed out in my last article the dollar is beginning its second daily cycle up in what could very well be a cyclical bull market. This should correspond with the stock market topping and the next leg down in the secular bear market.

My best guess is that we will see a sharp sell off over the next 2 to 3 weeks, followed by a sharp rebound (QE3?) that may, or may not, move stocks to marginal new highs, similar to the 2007 top.

The poor employment report on Friday is the first warning shot across the bow that the economy is slowing in preparation for moving down into the next recession/depression.

Bernanke is in the same position he was in 2007. Printing more money won't stop the collapse. It will only continue to spike the price of energy and exacerbate the decline.